Flash News: OKX to Adjust Tick Size of Spots/Margins and Perpetual Swaps, will Support Optimism Upgrade and Hard Fork
DUBAI, United Arab Emirates, May 31, 2023 (GLOBE NEWSWIRE) — OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the day of May 31, 2023.
OKX to adjust tick size of spots/margins and perpetual swaps
In order to increase market liquidity and improve your trading experience, OKX will adjust the tick sizes of certain spots/margins and perpetual swaps at 6:00 am – 6:30 am (UTC) on June 2, 2023.
During the tick size adjustment period, trading will be temporarily suspended for 2 minutes for the trading pair adjusted to a smaller decimal value. Users will not be able to transfer funds, place orders, amend orders, and cancel orders for the affected trading pair. Trading for the trading pair adjusted to a larger decimal value will not be affected.
Specific adjustment details can be found here.
OKX to Support the Optimism Network Upgrade & Hard Fork
The Optimism (OP) network upgrade and hard fork will take place at 04:00pm (UTC) on June 6, 2023. Deposits and withdrawals of OP will be suspended starting from 03:50pm (UTC).
Trading activities involving Optimism will remain uninterrupted during the network upgrade and hard fork and the Optimism (OP) network upgrade and hard fork will not spawn new tokens. Upon verifying the stability of the upgraded network, we will reopen the deposit and withdrawal services for OP without any additional announcement.
For more information, please visit the Support Center.
For further information, please contact:
[email protected]
About OKX
OKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.
As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.
Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.
OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.
To learn more about OKX, download our app or visit: okx.com
Disclaimer
THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.
